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An investment company pays 5 % compounded semiannually. You want to have $ 1 7 , 0 0 0 in the future. ( A )

An investment company pays

5 %

compounded semiannually. You want to have $

17, 000

in the future.

(

)

How much should you deposit now to have that amount

5

years from now?

(

Round to the nearest cent.

)

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